Sharjeel Memon gets bail in corruption case

06:55 PM | 25 Jun, 2019
Sharjeel Memon gets bail in corruption case
KARACHI – The Sindh High Court has granted bail to former provincial information minister Sharjeel Memon in Rs5.76 billion corruption case against a surety bond of Rs5 million.

A National Accountability Bureau (NAB) team had taken the PPP leader and 11 others into custody on Oct 23, 2017 after the Sindh High Court had rejected his bail plea in the case pertaining to the award of advertisements at 'exorbitant rates' through the abuse of power. He was then indicted in February 2018.

During Tuesday's hearing, the court asked if it had been proven that Memon had received kickbacks from the deal with the advertising company.

"It has not been proven that Memon has received kickbacks from the deal," the investigation officer conceded but added that the former minister had used his position of power in an unjust manner.

After hearing arguments from both sides, the two-member bench — headed by Justice KK Agha and comprising Justice Omar Sial — accepted Memon's plea and asked the PPP leader to submit a bond worth Rs5 million to procure bail.

He was released from Karachi Central Jail later in the evening.

Previously, the court had rejected two different applications seeking bail for Memon over the span of his year-and-a-half long confinement.

The PPP leader is also facing a separate inquiry regarding illegal adjustment and consolidation of hundreds of acres of land in favour of a private housing project.

Daily Pakistan Global Web Desk


Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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